𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐌𝐨𝐧𝐫𝐨𝐞 𝐂𝐨𝐮𝐧𝐭𝐲 𝐚𝐧𝐝 𝐓𝐨𝐛𝐲𝐡𝐚𝐧𝐧𝐚, 𝐏𝐀

𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐑𝐞𝐚𝐥 𝐄𝐬𝐭𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐌𝐨𝐧𝐫𝐨𝐞 𝐂𝐨𝐮𝐧𝐭𝐲 𝐚𝐧𝐝 𝐓𝐨𝐛𝐲𝐡𝐚𝐧𝐧𝐚, 𝐏𝐀

In Tobyhanna, PA, the market is currently balanced, with supply and demand nearly equal. The median listing home price in Tobyhanna is $339,000, up 6% year-over-year. Homes in Tobyhanna are selling after an average of 84 days on the market, which is slightly longer than last year. The sale-to-list price ratio is 97.26%, indicating that homes are selling close to their asking prices.

For buyers, this could be a good time to explore options, as the market is less competitive than in previous years. Sellers may need to be patient and price their homes competitively to attract buyers.

𝐑𝐞𝐧𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬

In Monroe County, the median rent for a 2-bedroom apartment is $1,552, which is 34% higher than the state average. This makes Monroe County one of the more expensive rental markets in Pennsylvania1. The average rent in Tobyhanna is $1,227 per month, which is 21% lower than the national average. Rent prices in Tobyhanna have increased by 1.5% over the past year2.

For renters, Tobyhanna offers more affordable options compared to many other areas, making it an attractive choice for those looking to save on housing costs.